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National Credit Union Service Organization

DEPARTMENT OF COMMERCE FEDERAL CREDIT UNION

Mar, 31, 2021 — DEPARTMENT OF COMMERCE FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 3 branch locations and about $565.31 million in total assets. Opened 57 years ago in 1964, DEPARTMENT OF COMMERCE FEDERAL CREDIT UNION has about 18,358 members and employs 82 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 254074439
Name:DEPARTMENT OF COMMERCE FEDERAL CREDIT UNION
Address:
(Main Office)
P.O. BOX 14720
WASHINGTON, DC 20044
Phone:(202) 808-3600
Fax:(202) 482-4317
Website:http://www.docfcu.org
Branches:3 branch locations
Members:18,358
Credit Union Type:Federal Credit Union
Charter Number:16410
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1964
Last Audited:Mar 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$565,312,169
CEO/Manager:Evan Clark
Chairperson:James Boney

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 74,973,205
TOTAL INVESTMENTS 104,720,458
Loans Held for Sale 0
 
 Real Estate Loans 315,307,077
 Unsecured Loans 29,709,932
 Other Loans 22,688,224
 TOTAL LOANS 367,705,233
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,473,695
 Land And Building 0
 Other Fixed Assets 1,863,402
 NCUSIF Deposit 3,877,863
 All Other Assets 13,645,703
  TOTAL ASSETS 565,312,169
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 40,000,000
 Accounts Payable & Other Liabilities 7,890,600
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 4,400,000
 Share Drafts 94,223,014
 Regular shares 111,044,984
 All Other Shares & Deposits 264,624,101
  TOTAL SHARES & DEPOSITS 469,892,099
  TOTAL LIABILITIES 522,182,699
 Regular Reserve 3,094,501
 Other Reserves 2,092,072
 Undivided Earnings 37,942,897
  TOTAL EQUITY 43,129,470
  TOTAL LIABILITIES, SHARES, & EQUITY 565,312,169
INCOME & EXPENSE  
 Loan Income 4,199,104
 Investment Income 423,536
 Other Income 73,579
 Total Employee Compensation & Benefits 2,469,859
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,510,676
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 14,956
 Cost of Funds 1,389,444
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,116,049
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